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ABN Amro Clearing, one of the largest clearing brokers to the global securities markets, is set to name a new head for its London operations, as clearing service providers gear up for a projected rise in business following a regulatory overhaul of derivatives trading.

Robbert Booij, previously ABN Amro Clearing’s global head of enterprise risk management in Amsterdam, has been appointed as the new managing director of the firm’s UK office, the bank is expected to announce this morning. Booij succeeds Roger Little, a 25-year veteran of Fortis, who left the bank earlier this year.

The firm is one of the largest clearing brokers to the global proprietary trading community, a market where it competes with firms such as Marex and Newedge, to offer a range of clearing and market access services to prop trading firms and independent traders. London and Amsterdam are the largest European centres for proprietary trading.

Clearing brokers use their memberships of exchanges and central counterparty clearinghouses to clear trades for smaller firms. Clearinghouses stand between two parties in a trade, guaranteeing completion in case one side defaults, in return for a fee.

Clearing brokers are expected to be among the big winners from global regulatory reforms which will force buyside firms, including prop traders, to clear many derivatives and other securities products for the first time.

ABN Amro inherited the clearing brokerage business of Benelux lender Fortis, when the Dutch arm was nationalised and merged with the remnants of ABN by the Netherlands government.

As well as acting as a clearing broker, ABN Amro Clearing is one of the principal backers of EMCF, the Amsterdam-based clearinghouse founded by Fortis in 2007. ABN also operates another independent CCP, Holland Clearing House, which clears trades for Dutch multilateral trading facility The Order Machine.